UL Solutions (NYSE: ULS) director receives new deferred stock unit awards
Rhea-AI Filing Summary
Director Charles W. Hooper received grants of deferred restricted stock units tied to UL Solutions Inc. Class A common stock as part of his director compensation. He acquired 8 units and 4 units, each representing a contingent right to receive one share in the future.
The awards reflect dividend equivalent rights that accrue on deferred restricted stock units he already holds and vest in step with those units. One related deferred award vested on May 1, 2025, and another will vest on the earlier of May 20, 2026 or the next annual meeting date, with settlement expected in Class A shares under the company’s non-employee director deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 8 | $0.00 | -- |
| Grant/Award | Deferred Restricted Stock Units | 4 | $0.00 | -- |
Footnotes (1)
- Each deferred restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents accrual of dividend equivalent rights on deferred restricted stock units held by the Reporting Person. The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units vested on May 1, 2025 and are expected to be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan (the "Plan"), or (ii) as otherwise provided by the Plan. Includes deferred restricted stock units and all dividend equivalent rights that have accrued on such deferred restricted stock units to date. The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date and are expected to be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Plan, or (ii) as otherwise provided by the Plan.
FAQ
What did UL Solutions (ULS) director Charles W. Hooper report on this Form 4?
How many deferred restricted stock units did Hooper acquire in the UL Solutions (ULS) filing?
What are deferred restricted stock units in the UL Solutions (ULS) Form 4?
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